Chicago Real Estate Market Trends – May 2015

Take a look at May’s real estate sales statistics.

Chicago Real Estate Market Trends – May 2015

Chicago Real Estate Sales – Detached Single Homes

Neighborhoods included in these statistics are: Avondale, Albany Park, Edgewater, Irving Park, Lakeview, Lincoln Park, Lincoln Square, Logan Square, Loop, Near North Side, Near South Side, Near West Side, North Park, North Center, Rogers Park, Uptown, West Ridge, West Town.

The number of Chicago detached single homes selling in May 2015 increased 30.8% for the month compared to May 2014. The average selling price increased by 6.2% to $814,139 and the average market time increased by 30 days. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

May 2015

208

$814,139

98%

81

May 2014

159

$766,256

98%

51


Chicago Real Estate Sales – Attached Single Homes

The number of Chicago attached single homes selling in May 2015 increased by 9.8% for the month when compared to May 2014. The average selling price increased 4.31% to $413,688 and the average market time increased by 7 days. Homes sold for 98% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

May 2015

1,504

$413,688

98%

71

May 2014

1,369

$396,577

98%

64


Chicago Real Estate Sales – 2-4 Flats

The number of Chicago multi-family properties selling in May 2015 decreased by 13.9% from May 2014. The average selling price increased 8.74% from May 2014 prices, and the average market time increased by 12 days. Homes sold for 97% of the listed price.

Date

Sold Listings

Average
Sold Price

SP:LP

Average
Market Time

May 2015

84

$530,538

97%

74

May 2014

96

$487,872

99%

62

Curious about the value of your home? Get your home’s value here!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties

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